Subject: March Grant Allocations
From: "Amy Dacey" <[email-masked]>
To: "John Podesta" <[email-masked]>, "John Stocks" <[email-masked]>, "Anna Burger" <[email-masked]>, "Robert McKay" <[email-masked]>
Cc: "[email-masked]" <[email-masked]>
Date: Fri, 29 Feb 2008 12:58:32 -0500

We wanted to send an update and suggested procedure for grant allocations in
March.

CDA: We have been going back and forth on a 4 month plan to present to the
FFA Board.  We met with the lawyers on Monday and CDA is working on a final
product.  We should be ready to move the first installment of the March
grant ($2,000,000) on Monday subject to recievingh and review getting the
plan, and should be considered a discipline trigger for moving the money.
But we have prepared the accountant (we need to have an answer by 2pm monday
in order to get the money out on Monday), we have the money in the
individual account and I believe we should consider moving this money early
next week.

Voter mobilization group grants.  We have an initial reccomendation for the
following groups in March:
ACORN $200,000
WVWV $200,000
Americans United $100,000

These would be in addition to our grant allocation to America Votes in March
($500,000).  In addition, by the next FFA Board Meeting (March 18th) We will
have a tiered list of other grant allocation reccomendations for March
depending on cash flow.  We are currently in the process of securing plans
and budgets for other groups, and in addition researching the groups that
will be involved in the outreach to the Hispanic community in 2008.  We can
make additional allocation decisions at the March Board meeting and move the
money in the final two weeks of March.  We will also know more if there is
any directed donor activity in March to these groups.

In addition we can move the additional CDA grant money ($2,000,000) for
March following the Board meeting if appropriate.

I want to also remind you that March 31st is the close of the next IRS
filing and we should take that into consideration.

Please let me know if you have any questions or concerns.

Amy and Frank

-- 
Amy K. Dacey
Executive Director
Fund for America
202-730-7727